A-B InBev on SABMiller’s Latest Rejection

Dear Client:After yesterday's note from SABMiller Board publicly rejecting AB InBev's latest GBP 42.15 proposal which it claims "still very substantially undervalues SABMiller, its unique and unmatched footprint, and its standalone prospects," AB InBev has sent a statement today saying that claim lacks credibility, and urgingshareholders to act. "The cash proposal represents a premium of approximately 44% to SABMiller's closing share price of GBP 29.34 on 14th September 2015 (being the last business day prior to renewed speculation ofan approach